May 2002

Misc

Natural gas – working within the bubble

History constantly reinforces that 1) energy prices are extremely volatile and 2) the demand for energy continues to increase. The U.S. Energy Information Administration's (EIA) 21-year..

Romanow, Stephany, Hydrocarbon Processing Staff

History constantly reinforces that 1) energy prices are extremely volatile and 2) the demand for energy continues to increase. The U.S. Energy Information Administration's (EIA) 21-year forecast predicts that worldwide energy consumption will nearly double from 382 quadrillion Btus in 1999 to 612 quadrillion Btus in 2020 (Fig. 1).1 Most of this anticipated growth will be concentrated in developing countries; yet, mature economies will also raise their energy requirements. Of course, this energy consumption will expand and contract as economic markets respond to energy pricing, economic recessions and expansions, feedstock

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